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Securities / Derivatives
Enforcement
FSS Korea Uncovers First “Malicious” Cases of Naked Short Selling
By Editors | 06/05/2023
The FSS uncovered cases where market participants deliberately short-sold securities without first borrowing the stock in a bid to “maximise trading profits”.
Market Infrastructure
Regulators Announce 15 May Launch Date for Swap Connect
By Editors | 06/05/2023
Swap Connect will allow overseas investors to trade in Mainland interest rate swap contracts on CFETS via Tradeweb and Bloomberg.
Enforcement
Goldman Under Probe for Possible Role in SVB Collapse
By Editors | 05/05/2023
Goldman Sachs said it is cooperating with governmental bodies in connection with their investigations and inquiries into SVB.
Market Infrastructure
PNGX Set to Adopt New Listing Rules, T+2 Settlement Cycle
By Sanday Chongo Kabange | 04/05/2023
The new listing rules will take effect in July, at the same time PNGX moves from a T+3 to T+2 settlement cycle.
Capital / Liquidity
ASEAN+3 Ministers Work to Bolster Regional Safety Net
By Editors | 04/05/2023
CMIM guidelines were updated to allow members to provide liquidity support in their own domestic currency and the local currencies of other members.
Enforcement
Australia Court Sentences ‘Finfluencer’ for Manipulation
By Editors | 04/05/2023
This is the first time a person has been sentenced under a provision of the Corporations Act that covers the dissemination of information about illegal transactions.
AML / KYC
Sydney Roundtable: More AML Guidance Needed for Capital Markets
By Manesh Samtani | 04/05/2023
Roundtable participants said there is often little attention being paid to money laundering risks by capital market practitioners in Australia.
Enforcement
ASIC Penalises Stockbroker for Mishandling Stock Buyback
By Editors | 04/05/2023
During an on-market buyback, Ord Minnett executed a pre-arranged transaction to buy shares at above-market prices, giving “preferential treatment” to the selling client.
Enforcement
Former CITIC Bank Exec Engaged in Insider Dealing, SFC Says
By Editors | 04/05/2023
The former executive of China CITIC Bank International made HK$3mn from using inside information to trade shares of Bloomage BioTechnology Corporation.
Capital / Liquidity
More Credit Suisse AT1 Bondholders Sue FINMA
By Editors | 04/05/2023
The suit means that investors representing up to a third of the $17bn in AT1 bonds issued by Credit Suisse have now launched legal action.
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